Overview:

Protection of data from various disasters has become a crucial practice over the period. Disaster recovery as a service (DRaaS) helps securing business/organizational data from any losses occurring from natural or human failure. Increasing focus on disaster recovery backup plans has led private business as well as government organizations to consider DRaaS as a viable solution over traditional disaster recovery plans. DRaaS is designed specifically to enable organizations to create a total data backup that ensures business continuation in case of system failure. It is a third-party service that uses on-premise as well as cloud resources of the client organizations to replicate applications and vital data.

With growing digital transformation, data has become the most vital corporate asset in private as well as government organizations. Due to increasing importance of data, related recovery services have demonstrated immense growth over the period of time. Apart from digitalization, industrial automation and virtualization have come into existence thereby driving the demand for related data maintenance services. With continually increasing volume of data coupled with concerns related to its maintenance, the demand for DRaaS is bound to remain strong over the forecast period. Moreover, due to growing need for disaster recovery owing to bring your own device (BYOD) adversity, disruptive form of cloud storage have spurred the adoption of DRaaS since last few years.

North America leads the overall DRaaS market worldwide with the U.S. holding the largest share in overall DRaaS market. High threat of data loss coupled with substantial expenditure over recovery management systems are the prime factors driving the DRaaS market growth here. With highly competitive DRaaS market in North America, leading players are acquiring new vendors to expand the reach and ensure competitive position in the market. For instance, in 2018, Veeam Software acquired N2W Software, Inc., a disaster recovery and enterprise backup provider for Amazon Web Services (AWS). The acquisition ensures business continuity for AWS workloads and expands the reach of Veeam Software. Further, with expanding IT sector in the region, Asia Pacific is accounted to emerge as the fastest growing market over the forecast period.

The global disaster recovery as a service (DRaaS) market is segmented on the following basis:

• Cloud Type:
  • Public Cloud
  • Private Cloud
  • Hybrid Cloud
• Service Type:
  • Backup & Recovery
  • Real-time Application
  • Data Security
  • Professional Services
• End-user:
  • Small & Medium Enterprises (SMEs)
  • Large Enterprises
• Service Providers:
  • Cloud Service Providers
  • Managed Service Providers
  • Telecom & Communication Service Providers
• Industry Verticals:
  • Banking, Financial Services & Insurance (BFSI)
  • Media & Entertainment
  • IT & Telecommunication
  • Manufacturing
  • Defense
  • Energy & Power
  • Healthcare & Life Sciences
  • Government
• Geography:
  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • South Asia
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Latin America
    • Middle East & Africa (MEA)

Key players identified in disaster recovery as a service (DRaaS) market include but are not limited to: 

Bluelock LLC., International Business Machines (IBM) Corporation, iland Internet Solutions Corporation, NTT Communications Corporation, Microsoft Azure, Acronis International GmbH, Acxiom Corporation, Amazon Web Services, Inc., Cisco Systems, Inc., Hewlett Packard Enterprise Development LP, Microsoft Corporation, Netmagic Solutions, Persistent Systems Ltd., Infrascale, Inc., Seagate Technology LLC, SunGard Availability Services, Verizon Enterprise Solutions, VMware and others.